Word: capping
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...agreed to develop joint projects in France and Europe, including those in the nuclear sector. An end to the static? One Italian exec familiar with the negotiations dismisses the plan as little more than a p.r. move, and says it's too early for Rome to consider lifting the cap. And onerous put options may yet force EDF to exit Italy. But Italian utilities might want to buy a piece of Italenergia and that "could get the French off the hook," says the exec. Still, if that eases pressure to reform, consumers may lose; Fabrizio De Candia, European power director...
...Social Security plan that would raise the amount of income that can be taxed from $90,000 to $200,000. Struggling to get Republican support for a tax increase, he joked he was "an island of one." President Bush last week suggested he was not opposed to raising the cap, but House Republican leaders rejected the idea so quickly that Graham will likely remain alone on that island for a while...
...that pesky check- engine light that pops up on your dashboard, help has arrived. The CodeScout, at right, helps you figure out what is wrong by plugging into your car's diagnostic port (near steering wheel) and displaying a detailed error message. If it's just a loose gas cap, you can save a trip to the shop. Alas, some of the $150 device's messages are so cryptic, you may end up running to a mechanic to decipher them...
...appearing in public in a Western tie and jacket, the first high official to do so since the Cultural Revolution. LIKE MOST OF CHINA'S PRESENT LEADERS, ZHAO WAS BRUTALIZED BY THE RED GUARDS. In 1967 he was paraded through the streets of Canton in a dunce's cap and denounced as ?a stinking remnant of the landlord class.' He has come a long way from that parade, and in the process has effected a more substantive revolution of his own. His agricultural reforms as governor of Sichuan (among them: allowing peasants to keep some profits) increased productivity...
...party, or must he abide by the contribution limits that apply to existing parties? As yet the Federal Election Commission has no answer to this and other thorny questions, which will probably get hashed out in various state courts. Black holds that Perot should comply with the $25,000 cap on contributions from a single individual to candidates in an election cycle. Perot's advisers retort that Perot should be allowed unlimited spending on "party building" activities, just as wealthy donors to the voter-registration efforts of the Democratic and Republican parties...